Price and trend forecast of FUSION for Tomorrow, Weekly, Monthly
Fusion Micro Finance Limited
Symbol: NSE:FUSION
ISIN: INE139R01012
229.25
As on 2024-10-09
FUSION's Today's Performance
Fusion Micro Finance Limited started the day by opening at 230.00 today 2024-10-09. Its shares reached a high of 232.95 and dipped to a low of 228.55 in intraday. When the markets closed, FUSION’s stock price settled at ₹229.25 per share. Also check out its key support and resistance levels.
FUSION Buy/Sell Targets
Tomorrow, buy FUSION when its price reaches ₹ 229.25 with a stop-loss order at ₹ 224.59. You can set the target price as ₹ 233.91 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of FUSION for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for FUSION
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 232 |
| Tomorrow Down Target 2 | 235 |
| Tomorrow Down Target 3 | 236 |
Important Levels for FUSION
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 228 |
| Tomorrow Up Target 2 | 226 |
| Tomorrow Up Target 3 | 223 |
Based on where the stock opens tomorrow, if FUSION opens on a positive note, our first target will be ₹232. If Target 1 is achieved, we will aim for Target 2 which is ₹235.
But if FUSION falls below the average value of ₹230.25, you can enter a sell side position with target number 1 - ₹228 and second target - ₹226 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of FUSION
Looking at FUSION, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, FUSION has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for FUSION is moderate bearish.
Tomorrow's Volume based share price Forecast for FUSION
FUSION's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -12%.
Reversal detection for FUSION
FUSION may trend may continue to be bullish since stock is making higher highs and we can get target of ₹229 in morning tomorrow
| Target 1 tomorrow | 232 |
| Target 2 tomorrow | 233 |
| Target 3 tomorrow | 235 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with FUSION's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if FUSION opens on a positive note, our first target will be ₹231.95. If Target 1 is achieved, we will aim for Target 2 which is ₹234.65.
But if FUSION falls below the average value of ₹230.25, you can enter a sell side position with target number 1 - ₹227.55 and second target - ₹225.85
FUSION's Weekly Targets
| 1st Up Target | 238.44 |
| 2nd Up Target | 247.62 |
| 1st Down Target | 222.42 |
| 2nd Down Target | 215.58 |
As the week for FUSION ended on bearish sentiments, we can expect further continuation of this sentiment. FUSION's initial target will be 238.44 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 222.42 in the upcoming week.
Weekly OHLC Values
| Open | 240.00 |
| High | 240.79 |
| Low | 224.77 |
| Close | 229.25 |
Week for FUSION started with an open price of 240.00, and the close was at 229.25. FUSION reached the highest of 240.79 and dipped lowest up to 224.77 last week. This indicates a bearish sentiment for the week.
FUSION full month swing targets
| Monthly Up Target 1 | 254.46 |
| Monthly Up Target 2 | 263.64 |
| Monthly Down Target 1 | 206.40 |
| Monthly Down Target 2 | 183.54 |
Targets of ₹254.46 can be expected to be reached in the coming month. Once FUSION achieved this target, we can aim for the next upside target of ₹263.64.
FUSION if fails to hold upside, down targets of ₹206.40 and ₹183.54 can be achieved by end of this month.
For complete three weeks if FUSION is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as FUSION
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
FUSION is expected to reach the target of 231.95 in tomorrow's trading session.
After achieving the initial target in FUSION, we will aim for higher targets of 234.65 tomorrow.
However, if FUSION starts to trade below ₹230.25, then we will shift our focus to the sell side and aim for down targets of 227.55 and 225.85.